This exceptional 2.35-acre commercial/industrial land parcel presents a unique build-to-suit opportunity in West Melbourne, Florida. Located on Ellis Road, the property boasts approximately 188 feet of frontage, offering high visibility and exposure to significant traffic. The lot, measuring approximately 188' x 573', is zoned M-1 by the City of West Melbourne, allowing for a variety of uses including warehousing, light manufacturing, contractor yards, automotive businesses, recycling centers, and more. Its prime location in the heart of Melbourne's industrial market places it near the intersection of Ellis Road and John Rodes Boulevard, less than half a mile from the I-95 interchange, providing easy access to Central and South Florida. The property benefits from its proximity to major employers such as Melbourne International Airport, L3Harris, Northrop Grumman, GE, and Extant Aerospace. This build-to-suit opportunity allows for a customized development tailored to a tenant's specific needs. Lease terms will be determined based on an agreed-upon land value and percentage-based annual rent, subject to lease length and tenant creditworthiness. The property's APN is 27-36-35-00-275, and it's situated in Brevard County within the Space Coast submarket, offering a strategic location for businesses seeking a strong presence in this thriving area. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes and key employers.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$32,202,944
Hospitality
$29,497,722
Educational
$24,541,760
Medical
$25,385,788
Retail
$38,176,068
Location Insight
City
West Melbourne
County
Brevard
State
Florida
Latitude
28.0981
Longitude
-80.6985
CBSA code
37340
CBSA name
PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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